Capstone Wealth Management Group, LLC (Bend)


Capstone Wealth Management Group, LLC is a large advisory firm based in Bend. It manages $138.75 million of regulatory assets for 246 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, New Hampshire, New York, and 3 other states.

Capstone Wealth Management Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Capstone Wealth Management Group: assets under management

The assets under management (AUM) of Capstone Wealth Management Group, LLC is $138.75 million. The firm's AUM has grown by 362% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $115.03 million in discretionary accounts and $23.72 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $530.09 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $817.81 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 49% of the total AUM. The second-largest asset type is investment and business development companies, which make up 42% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Capstone Wealth Management Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Capstone Wealth Management Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Capstone Wealth Management Group is high net worth individuals with 57 clients and $87.11 million of assets under management. Among the 8 most similar advisory firms, Capstone Wealth Management Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $138.75 million for 254 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Capstone Wealth Management Group doesn't advise any private funds.

Careers at Capstone Wealth Management Group, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
David Adair Savage Principal 1 Apr 2003 50% - 75% 2443187
Michael James Conrads Principal 1 Apr 2003 50% - 75% 4522725
James Michael Conrads Principal 1 Apr 2003 75% - 100% 4522725
Lance Kevin Brant Principal 1 Apr 2004 25% - 50% 4529509
Kevin John Serrapede Chief compliance officer 1 Oct 2006 Other 2074389
Devon Gaines Member 1 Jan 2007 25% - 50% 5274324
Inc. Capstone Advisory Services Group Managing member 1 Jun 2007 75% - 100% 20-8033793
James Michael Conrads Managing member/principal 1 Mar 2009 75% - 100% 4522725
Robert Glenn Schultz Principal and wealth manager 1 Jul 2016 50% - 75% 3180021
Bryan Adam Kupchik Principal and wealth manager / chief compliance officer 1 Jul 2016 50% - 75% 2635746

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Devon Gaines Shareholder 1 Jun 2007 25% - 50% 5274324
Lance Kevin Brant Shareholder 1 Jun 2007 25% - 50% 4529509
James Michael Conrads Shareholder 1 Jun 2007 25% - 50% 4522725
Anthony Cunha Shareholder 1 May 2008 Other 5526281

Based in Bend

The principal office where Capstone Wealth Management Group, LLC performs its advisory services is located at 404 Sw Columbia St., Bend, OR 97702 3453, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 541-330-0266 or by fax 541-330-0254. The normal business hours are m-th 8am to 4pm; fri 8 am to 3pm on Monday - Friday. You can find more information about the New York firm at capstonewmg.com.

Registered investment advisers similar to Capstone Wealth Management Group, LLC